Oil Surpasses $126 Per Barrel Ahead of US Driving Season

Oil Surpasses $126 Per Barrel Ahead of US Driving Season Oil prices surpassed a record $126 per barrel Friday on the eve of the U.S. driving season as a weakening dollar drove investors to snap up commodities. Light, sweet crude for June delivery rose $2.51 to a new record of $126.20 a barrel in electronic trading on the New York Mercantile Exchange by the afternoon in Europe.